Where is Mohamed El-Erian keeping his money?

April 6, 2015 2:52 PM

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Former Pimco bond firm CEO Mohamed El-Erian says he’s keeping most of his money in what some investors might think is an unusual place — cash.

“That’s not great, given that it gets eaten up by inflation. But I think most asset prices have been pushed by central banks to very elevated levels,” El-Erian told the Orange County Register in a Sunday interview.

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